CONFIDENTIAL # 3
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39.
It was reported that during the first ten months of 1986, the Bank of China (BOC) Group participated in 28 syndicated loans with the total contribution from the Group exceeding HK$3 billion. Comparing the first ten months of 1986 with the same period in 1985, industrial loans offered by the Group increased by 18%. To expand the scope of their business, some of the banks in the Group are currently considering the setting up of Hong
The Bank of Communications is Kong dollar trust funds.
In
known to have obtained approval from the Group's Hong Kong and Macau Regional Office to launch such a fund. another development, it was reported that the Bank of China had shown an interest in joining a consortium to finance the construction of a replacement airport.
Investment
40.
(a) Hong Kong's investment in China
of
A total of 216 industrial co-operation projects are known to the Industry Department to have been concluded with China in the fourth quarter of 1986. these, 193 projects or 89% involve subcontracting
They relate mainly arrangements and compensation trade. to the plastics, electronics, textiles and clothing
industries.
41.
Apart from investment in China's industrial and services sectors, Hong Kong capital is also involved in
Recently, the development of infrastructure in China. Hutchison-Whampoa and Hong Kong Electric have signed a letter of intent with China to set up a joint-venture power plant in Jiangsu with a planned installed capacity of 2 400 megawatts. The first phrase of the development, which involves the installation of equipment giving a generating capacity of 700 megawatts, is expected to cost about HK$3 billion.
CANEINENTIAL #2
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